Kraft Heinz Agrees to Sell North America Coffee Business for $650 Million
Kraft Heinz inked an agreement to sell its North America coffee business to an affiliate of One Rock Capital Partners. The deal has an enterprise value of $650 million, and Kraft Heinz said it would retain a 30% equity stake.
Kraft Heinz says it inked an agreement to sell its North America coffee business to an affiliate of private-equity firm One Rock Capital Partners, in a deal with an enterprise value of $650 million. Kraft said it would retain a 30% equity stake in the business, which includes brands like Maxwell Ho…